offshoot

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offshoot

Botany a shoot or branch growing from the main stem of a plant
References in periodicals archive ?
S&P DJI will standardize its spin-off treatment to utilize a zero price spin-off treatment for all U.
Therefore, these papers suggest that sponsored spin-offs should have positive, long-run abnormal stock returns following the spin-off.
This new ruling policy present a major challenge to corporation contemplating spin-off transactions In many cases, it will be clear that the requirements of section 355 are met, but each of the three factual issues on which the IRS refuses to rule--(i) adequacy of a company's business purpose; (ii) whether the transaction is a device for distribution of earnings and profits; and (iii) whether the spin-off is part of a broader plan--is inherently uncertain.
Specifically, the issue is whether the statute should be limited to situations where independent parties to a spin-off transaction are acting in concert before, or at the time of, the spin-off to effect a series of transactions that abuse the underlying purpose of section 355.
In Letter Ruling 9849013, the IRS allowed a key employee (and other employees) to obtain stock ownership in a spin-off (nontaxable transaction).
Emerging businesses may ultimately compete with one another, thus requiring a spin-off in order for each to stand on its own.
The "distribution date" of the spin-off dividend or shares of OptiCon will be announced when our registration statement with SEC is active and when NASD provides the trading authorization and a trading symbol.
A spate of high-profile corporate spin-offs coupled with acquisitive reorganizations prompted the Clinton Administration to propose a change in the requirements for certain tax-free spin-offs under Sec.
9 million in 1993 due almost entirely to the effect of the spin-off of Albemarle.
OTCBB: MSEP) today announced the planned spin-off of its subsidiary Scottsdale Diecast, Inc.
Nasdaq-NNM: PCCW) today announced its intention to spin-off its commercial real estate operations, together with certain other assets, into a newly formed company ("Newco").
Sara Lee Corporation (NYSE:SLE) today announced that it has completed the tax-free spin-off to its shareholders of Hanesbrands Inc.